The September Bank Negara International Reserves amounted to USD119.7 billion, while other foreign currency assets amounted to USD7.1 million as at end-September 2024.
BNM lists out the details of the reserves noting that for the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include among others, scheduled repayment of external borrowings by the Government and the maturity of foreign currency Bank Negara Interbank Bills, amounted to USD15,429.8 million. The net short forward positions amounted to USD26,011.8 million as at end-September 2024, reflecting the management of ringgit liquidity in the money market. In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans.
The Central Bank projects that the foreign currency inflows amount to USD2,665.4 million in the next 12 months. However, it noted the only contingent short-term net drain on foreign currency assets is Government guarantees of foreign currency debt due within one year, amounting to USD399.8 million. There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions.